Yen exchange rate briefly reaches ¥156 per dollar as expectations for U.S. rate hike recede amid deteriorating employment conditions

The yen exchange rate briefly surged to the ¥156-per-dollar range, and a retreat in expectations for an interest-rate hike was reported against the backdrop of deteriorating U.S. employment conditions. Market developments could affect future policy decisions.

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The story

The yen exchange rate briefly surged to the ¥156-per-dollar range.

Deteriorating U.S. employment conditions have been cited as the background, and expectations for an interest-rate hike have reportedly receded.

At a glance

Exchange rateIt has been reported that the exchange rate briefly surged to the ¥156-per-dollar range

CauseThe deterioration in U.S. employment conditions is cited as the background

ResultIt has been reported that expectations for a U.S. interest-rate hike receded

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